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Prospect Capital Management is a registered investment advisor affiliated with Prospect Capital Corporation, a publicly traded provider of private debt and private equity to middle market businesses. Prospect Capital Management focuses on investing in first-lien and second-lien senior loans and mezzanine debt which can include an equity feature for middle market and private equity sponsored financings across manufacturing, industrials, energy, business services, financial services, food, healthcare, and media industry sectors.
Prospect, an $8 billion private credit fund, saw $417 million in realized losses for the year ended on June 30, up from $41 million the year before, according to regulatory filings. About $181 million...
Klarna Group Plc has filed for a U.S. initial public offering at a weak moment for company debuts, though the fintech player thinks it can offer investors more than just its buy-now-pay-later products...
Online trading platform Robinhood has agreed to pay $29.75 million to settle several probes from the Financial Industry Regulatory Authority (FINRA) related to the company’s supervision and compliance...
Calastone, the largest global funds network, has today released groundbreaking research, revealing that tokenisation – the process of transforming asset ownership into digital tokens on a blockchain –...
Investors looking for more solid longer-term returns should be looking at credit — and not banking on the S&P 500 to get them there, according to billionaire investor Howard Marks. “From the S&P, you...
State Street Global Advisors' much-anticipated private credit exchange-traded fund, developed with alternative investment firm Apollo Global Management, began trading on the New York Stock Exchange on...
Blackstone Group has put First Eagle Investment Management up for sale for more than $4bn in an attempt to offload a large stake that the US private equity group has owned for a decade. Blackstone and...
The RBA cut rates by 25 basis points to 4.10% on Tuesday, marking its first easing since November 2020, when the central bank cut its key rate to a record low in the depths of the pandemic. The centra...
The University of Michigan’s gauge of consumer sentiment fell to 67.8 in a preliminary February reading, down from 71.1 in the prior month and the lowest reading since July. Economists polled by the ...
In the summer of 2022, a young marketing executive in London, eager to revamp her wardrobe, clicked “Pay in 4” at checkout. The process was seamless—no credit check, no hassle, and most importantly, n...
